The decline in farmland values that began in late 2013 has been widely reported, and many have looked for comparisons to the farmland crisis of the 1980s. But the two periods are distinctly different, says Mark Jensen, FCSAmerica’s chief risk officer. Read more to learn why.
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Net income was $113.5 million compared to $121.5 million for the same quarter in 2014. The decrease in net income was due primarily to an increase in the provision for credit losses and noninterest expense, partially offset by an increase in net interest income and noninterest income.
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The Farm Credit Services of America Board of Directors has appointed L. James (Jim) Kortan of Brookings, South Dakota, as its newest director. He will serve a four-year term, effective April 1, 2015.
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